Jane Street Group LLC raised its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 61.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,067 shares of the company's stock after buying an additional 41,898 shares during the quarter. Jane Street Group LLC owned about 0.14% of InvenTrust Properties worth $3,123,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in IVT. Farmers & Merchants Investments Inc. purchased a new stake in InvenTrust Properties during the third quarter valued at about $27,000. Creekmur Asset Management LLC raised its position in shares of InvenTrust Properties by 96.7% in the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company's stock valued at $46,000 after purchasing an additional 795 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of InvenTrust Properties during the 2nd quarter valued at approximately $57,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock worth $75,000 after buying an additional 681 shares during the period. Finally, US Bancorp DE grew its stake in InvenTrust Properties by 39.8% in the 3rd quarter. US Bancorp DE now owns 3,810 shares of the company's stock valued at $108,000 after buying an additional 1,085 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company's stock.
Wall Street Analyst Weigh In
IVT has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on InvenTrust Properties from $29.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Bank of America upgraded shares of InvenTrust Properties from a "neutral" rating to a "buy" rating and raised their price objective for the company from $30.00 to $33.00 in a research report on Thursday, October 3rd. Compass Point raised their price target on InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group assumed coverage on InvenTrust Properties in a research report on Tuesday, November 19th. They set a "hold" rating and a $33.00 price objective on the stock.
Read Our Latest Stock Report on IVT
InvenTrust Properties Trading Up 0.8 %
Shares of NYSE:IVT traded up $0.24 during trading on Friday, reaching $29.80. 2,438,347 shares of the company traded hands, compared to its average volume of 384,698. The business's fifty day moving average is $30.32 and its 200-day moving average is $28.30. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 331.15, a P/E/G ratio of 3.56 and a beta of 0.97.
InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The firm had revenue of $68.52 million for the quarter. During the same period last year, the business posted $0.41 earnings per share. As a group, analysts forecast that InvenTrust Properties Corp. will post 1.73 EPS for the current year.
InvenTrust Properties Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be issued a dividend of $0.2263 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio is currently 1,000.00%.
InvenTrust Properties Company Profile
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Free Report)
InvenTrust Properties Corp. (the "Company," "IVT," or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.
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